China’s industrial production and retail sales accelerated in October, bolstering forecasts for economic growth to exceed 10 percent this quarter for the first time in more than a year.

Production rose 16.1 percent from a year before, the most since March 2008, the statistics bureau said in Beijing today. Retail sales gained an annual 16.2 percent in October, and urban fixed-asset investment climbed 33.1 percent in the first 10 months of this year, it said.

Orders for Japanese machinery rose more than twice the pace economists estimated in September, signaling that a recovery in the world’s second-largest economy may be sustained.

Orders, an indicator of business investment in three to six months, climbed 10.5 percent from a month earlier, the Cabinet Office said today in Tokyo. The median estimate of 25 economists surveyed by Bloomberg was for a 4.1-percent increase.

The US economy will be slow to recover from the deepest recession since the 1930s as rising unemployment curbs consumer spending, Federal Reserve officials said.

San Francisco Fed Bank President Janet Yellen raised the prospect of a “jobless recovery” in a speech in Phoenix, while Dennis Lockhart, who heads the Atlanta Fed, predicted a “relatively subdued pace of growth” this quarter and beyond.